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346 Avenue U

Opal Residences Sells Condo At 346 Avenue U Brooklyn For $5.3M With Broker Jenny Braha Mizrahi
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Opal Residences Sells Condo At 346 Avenue U Brooklyn For $5.3M With Broker Jenny Braha Mizrahi

346 Avenue U

$5,300,000

$2,508/SF

Building Size

2,113 SF

Asset Type

Condo

Closing

Sep 4, 2024

AI

The property asset involved in this transaction is a condo located at 346 Avenue U in Brooklyn. The sale price for the property was $5,300,000, and it has a square footage of 2,113, resulting in a price per square foot valuation of $2,508.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $5,300,000
  • Seller: Opal Residences - Redhoek - Lee Cohen
  • Broker: Jenny Braha Mizrahi - JBM

Lee Cohen represents the seller, Opal Residences - Redhoek, in this transaction, while Jenny Braha Mizrahi from JBM serves as the broker facilitating the deal.

Players

Jenny Braha Mizrahi

JBM

Broker

$37.4M

vol

6 deals

Broker

Brooklyn Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.99%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93